Nabors Q3 net loss $49M, revenue $734M; FY FCF guidance cut to $225-250M

NABORS INDUSTRIES LTD

2023-Q3 EPS reported -$2.79 revenue$2,280,180,000

Net loss of $49M ($6.26/dil share) vs Q2 net income $5M; adjusted EBITDA $210M vs $235M.
Lower 48 rig count avg 74, daily margin $15,855; Intl rig count 77, daily margin $15,778.
FY 2023 adj FCF guidance reduced to $225-250M from $300-350M; Q3 FCF -$5M, capex $157M.
Q4 guidance: Lower 48 rigs 72-74, daily margin $15k-$15.2k; Intl rig count up 1-2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NABORS INDUSTRIES LTD reported three months ended September 30, 2023 results: revenue $734 million, net income net loss attributable to Nabors shareholders ... was $49 million, EPS loss of $6.26 per diluted share. Guidance lowered.

Period: three months ended September 30, 2023
Revenue: $734 million
Net income: net loss attributable to Nabors shareholders ... was $49 million
EPS: loss of $6.26 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported third quarter 2023 operating revenues of $734 million, compared to operating revenues of $767 million in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $49 million, compared to net income of $5 million in the second quarter. This equates to a loss of $6.26 per diluted share, compared to a loss per diluted share of $0.31 in the second quarter.

View on SEC.gov

Browse all earnings releases →

NABORS INDUSTRIES LTD filing history →

Source: SEC EDGAR

accession 0001104659-23-111527

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.